Cheap Apartments for Rent in the Medical District Austin, TX from $500 (50 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Lifestyle Matching SearchDone
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

Search the lowest-cost Apartments available for rent right now in the Medical District area of Austin.

close
View Me
Waterloo Flats
Rent Specials
$840 - $1,696
Total Monthly Price

Total Monthly Price

Base Rent
$840 - $1,696

Total Monthly Price
Varies
Studio to 3 Bedroom Apartments Available Now

Waterloo Flats

1300 Pleasant Valley Rd SAustin, TX 78741
Affordability
  • Verified
  • Customer Reviewed
  • 3D Tour
close
View Me
Starlight
Rent Specials
$1,106 - $4,149
Total Monthly Price

Total Monthly Price

Base Rent
$1,106 - $4,149

Total Monthly Price
Varies
Studio to 2 Bedroom Apartments Available Now

Starlight

2901 Manor RdAustin, TX 78722
Luxury
  • Verified
  • Customer Reviewed
  • 3D Tour

Keep Austin Affordable: A Renter's Guide to the Best Suburbs Around the City

Round Rock, Buda, Cedar Park, and more — Austin's surrounding metros offer incredible value for renters. Our local expert compares the best surrounding cities so you can find more space, lower rent, and a great quality of life just minutes from the city.

close
View Me
Platform
Rent Specials
$1,218 - $7,939
Total Monthly Price

Total Monthly Price

Base Rent
$1,218 - $7,939

Total Monthly Price
Varies
Studio to 2 Bedroom Apartments Available Now

Platform

2823 E Martin Luther King Jr BlvdAustin, TX 78702
Student Housing
  • Verified
  • Customer Reviewed
  • 3D Tour
close
View Me
Lakeshore Pearl
Rent Specials
$1,340 - $3,402
Total Monthly Price

Total Monthly Price

Base Rent
$1,340 - $3,402

Total Monthly Price
Varies
Studio to 3 Bedroom Apartments Available Now

Lakeshore Pearl

2223 Waterloo City LnAustin, TX 78741
Affordability
  • Verified
  • Customer Reviewed
  • 3D Tour
close
View Me
Trailhead East
Rent Specials
$1,465 - $3,075
Total Monthly Price

Total Monthly Price

Base Rent
$1,465 - $3,075

Total Monthly Price
$1,465 - $3,075
Studio to 2 Bedroom Apartments Available Now

Trailhead East

5100 Bolm RdAustin, TX 78721
Student Housing
  • Verified
  • Customer Reviewed
  • 3D Tour
close
View Me
The Bouldin
Rent Specials
$1,480 - $4,505
Total Monthly Price

Total Monthly Price

Base Rent
$1,480 - $4,505

Total Monthly Price
Varies
1 to 2 Bedroom Apartments Available Now

The Bouldin

1401 S LamarAustin, TX 78704
Affordability
  • Verified
  • Customer Reviewed
  • 3D Tour

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

close
View Me
Corazon
Rent Specials
$1,500 - $2,717
Total Monthly Price

Total Monthly Price

Base Rent
$1,500 - $2,717

Total Monthly Price
Varies
Studio to 2 Bedroom Apartments Available Now

Corazon

1000 E 5th StAustin, TX 78702
Affordability
  • Verified
  • Customer Reviewed
  • 3D Tour
close
View Me
Trailhead
Rent Specials
$1,518 - $4,395
Total Monthly Price

Total Monthly Price

Base Rent
$1,518 - $4,395

Total Monthly Price
Varies
Studio to 3 Bedroom Apartments Available Now

Trailhead

1120 Shady LnAustin, TX 78721
Furnished
  • Verified
  • Customer Reviewed
  • 3D Tour
close
View Me
Railyard
Rent Specials
$1,632 - $3,632
Total Monthly Price

Total Monthly Price

Base Rent
$1,632 - $3,632

Total Monthly Price
Varies
Studio to 3 Bedroom Apartments Available Now

Railyard

201-301 E 4th St EAustin, TX 78701
Transit Friendly
  • Verified
  • Customer Reviewed
  • 3D Tour
close
View Me
Pressler Apartments
Rent Specials
$1,780 - $3,886
Total Monthly Price

Total Monthly Price

Base Rent
$1,780 - $3,886

Total Monthly Price
Varies
Studio to 2 Bedroom Apartments Available Now

Pressler Apartments

507 Pressler StAustin, TX 78703
Eco-Friendly
  • Verified
  • Customer Reviewed
  • 3D Tour
close
View Me
AMLI Branch Park
$1,892 - $5,944
Total Monthly Price

Total Monthly Price

Base Rent
$1,892 - $5,944

Total Monthly Price
Varies
Studio to 2 Bedroom Apartments Available Now

AMLI Branch Park

1911 Philomena StAustin, TX 78723
Family Friendly
  • Verified
  • Customer Reviewed
  • 3D Tour

The Real Cost of Keeping Austin Weird: A Local Expert’s Guide to Budget Living in ATX

Moving to Austin? Get an insider’s guide to managing costs in the Music Capitol. Discover which affordable ATX neighborhoods fit your budget and lifestyle.

close
View Me
The Waller
Rent Specials
$1,901 - $8,280
Total Monthly Price

Total Monthly Price

Base Rent
$1,901 - $8,280

Total Monthly Price
Varies
Studio to 3 Bedroom Apartments Available Now

The Waller

1104 Sabine StAustin, TX 78701
Affordability
  • Verified
  • Customer Reviewed
  • Smoke Free
close
View Me
Bridge at Eastside
$1,925 - $4,290
Total Monthly Price

Total Monthly Price

Base Rent
$1,925 - $4,290

Total Monthly Price
Varies
1 to 2 Bedroom Apartments Available Now

Bridge at Eastside

1000-1004 San Marcos StAustin, TX 78702
Family Friendly
  • Verified
  • Customer Reviewed
  • 3D Tour
close
View Me
The Marlowe
$1,968 - $2,771
Total Monthly Price

Total Monthly Price

Base Rent
$1,968 - $2,771

Total Monthly Price
$1,968 - $2,771
1 to 3 Bedroom Apartments Available Now

The Marlowe

1115 Town Creek DrAustin, TX 78741
Outdoors
  • Verified
  • Customer Reviewed
  • 3D Tour
property at 800 Embassy Dr

$1,993 - $3,993

Total Monthly Price

Total Monthly Price

Base Rent
$1,993 - $3,993

Total Monthly Price
$1,993 - $3,993

1 To 2 Bedroom Condos for Rent

Available Jan 1, 2027

800 Embassy Dr

AustinTX78702
close
View Me
Alexan Rivercrest
Rent Specials
$2,001 - $3,456
Total Monthly Price

Total Monthly Price

Base Rent
$2,001 - $3,456

Total Monthly Price
Varies
Studio to 2 Bedroom Apartments Available Now

Alexan Rivercrest

1301 Parker LnAustin, TX 78741
Active Lifestyle
  • Verified
  • Customer Reviewed
  • Smoke Free
close
View Me
1309 Sabine St
$2,036 - $4,569
Total Monthly Price

Total Monthly Price

Base Rent
$2,036 - $4,569

Total Monthly Price
$2,036 - $4,569
Studio to 3 Bedroom Apartment Available Now

1309 Sabine St

1309 Sabine StAustin, TX 78701
Affordability
  • Smoke Free
close
View Me
The Lola
Rent Specials
$2,110 - $3,770
Total Monthly Price

Total Monthly Price

Base Rent
$2,110 - $3,770

Total Monthly Price
Varies
1 to 2 Bedroom Apartments Available Now

The Lola

1221 S Congress AveAustin, TX 78704
Affordability
  • Verified
  • Customer Reviewed
  • 3D Tour

Beyond "Keep Austin Weird": Your Insider's Ultimate Guide to Renting and Living in Austin, Texas

Moving to Austin, TX? We are Here to Help. Our Local Expert Breaks Down the Commute reality, Renting Around the City, the Job Scene, and Shares Recommendations for 5 Great Austin Neighborhoods You Should Explore First.

close
View Me
Muse at SoCo
Rent Specials
$2,236 - $3,779
Total Monthly Price

Total Monthly Price

Base Rent
$2,236 - $3,779

Total Monthly Price
Varies
1 to 3 Bedroom Apartments Available Now

Muse at SoCo

1007 S Congress AveAustin, TX 78704
Affordability
  • Verified
  • Customer Reviewed
  • 3D Tour
close
View Me
Encore Lakeside
$2,340 - $6,685
Total Monthly Price

Total Monthly Price

Base Rent
$2,340 - $6,685

Total Monthly Price
$2,340 - $6,685
1 to 3 Bedroom Apartments Available Now

Encore Lakeside

1120 Town Creek DrAustin, TX 78741
Outdoors
  • Verified
  • 3D Tour
  • Smoke Free
close
View Me
Eleven by Windsor
Studio to 2 Bedroom Apartments

Eleven by Windsor

811 E 11th StAustin, TX 78702
close
View Me
Avenir
Studio to 2 Bedroom Apartments

Avenir

1109 N Interstate 35Austin, TX 78702
close
View Me
900 E 11th
Studio to 2 Bedroom Apartments

900 E 11th

900 E 11th StAustin, TX 78702

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

Medical District, Austin, TX Local Guide

Cheapest Available Medical District Apartments for Rent

 

The cheapest available apartment rental in the Medical District area of Austin, TX is a Studio unit found at 305 Flats priced from $895. Pearl Springdale has the second lowest priced unit, which is a Studio apartment currently listed from $1,090. Here are the most affordable Medical District apartments for rent in Austin, TX:

Apartment ListingModel NameBed/BathPriced From
305 FlatsStudio - ClassicStudio,1BA$895
Pearl SpringdaleS1.P8Studio,1BA$1,090
The Parker at Hyde Park1 Bed 1 Bath1BR,1BA$1,095
The ArnoldE1 - AffordableStudio,1BA$1,099
The Ladybird Senior Apartments - 55+A1.h-60%1BR,1BA$1,100
Bridge at the Blockyard0C - AMI 50% - INCOME RESTRICTIONS APPLYStudio,1BA$1,171
Residences at SaltilloE1 - SMARTStudio,1BA$1,176
PlatformE0*Studio,1BA$1,218
Waterloo FlatsB12BR,1BA$1,314
Sentral East AustinStudio - Affordable - 1614Studio,1BA$1,323

Best Value Apartments for Rent in Medical District, TX

As of August 20, 2026 the best value apartment in the Medical District area is the $2.55 price per square foot B5 Model at Lakeshore Pearl in the in the Town Lake neighborhood starting from $3,256. The second greatest value Medical District apartment is the B1.d-80% Model at The Ladybird Senior Apartments - 55+ starting at $1,900 with a $1.67 price per square foot in the Town Lake neighborhood. Here is today’s list of the best values for Medical District apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Lakeshore PearlB52BR,2BA$2.55
The Ladybird Senior Apartments - 55+B1.d-80%2BR,2BA$1.67
Karnes2 Bedroom 2 Bathroom Double occupancy-B12BR,2BA$0.72
Estates at East RiversideTwo Bedroom2BR,2BA$1.54
Waterloo FlatsB12BR,1BA$1.59
The Beverly at Medical CenterA31BR,1BA$2.16
Berkshire RiverviewA3D1BR,1BA$2.23
Villas on GuadalupeA2 Loft2BR,1BA$1.68
Eleven by WindsorA61BR,1BA$2.44
The Parker at Hyde Park1 Bed 1 Bath1BR,1BA$1.51

Work-Life Balance in Austin: Find Your Perfect Apartment Near Top Employers

The Austin job market is booming, but where should you live? Discover the most affordable and charming neighborhoods that put you minutes from Dell Seton, IBM, and Dell.

Read Article
Decorative image

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

Read Article
Decorative image

Local Expert's Guide To the Best Student Friendly Neighborhoods to Rent Near Colleges in Austin

A Local Experts guide to the Best Student Friendly Neighborhoods Near Colleges in the Austin, TX metro area for affordable living. Find your perfect Austin Student apartment, condo, or rental home today at ApartmentHomeliving.com

Read Article
Decorative image

Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

Read Article
Decorative image

Quick Rent Budget Calculator

How much rent can you afford?

The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

decorative image of people with a giant lease agreement

Pet Friendly Lifestyle
Medical District, Austin, TX

Ranked #46

Among cities in Texas for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

3.5
Pet Friendly

decorative image of woman handing cat to small boy

Frequently Asked Questions about Cheap Medical District Apartments

What is a cheap apartment in Medical District?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Medical District is under $1,323.

What is the price of a cheap apartment in Medical District?

The cheapest apartment in Medical District is The Parker at Hyde Park which is listed at $1,095, while the average apartment in Medical District costs $2,435.

What types of apartments are the cheapest in Medical District?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 59 regular apartments in Medical District that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Medical District?

Cheap apartments in Medical District have an average cost of $528 which is $1,907 cheaper than the average rent for all rentals in Medical District.

Expert Rental Resources

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

Helpful Local Expert Guides

decorative image for Where to Stay in Austin: The Best Neighborhoods for Short-Term Rentals article

Where to Stay in Austin: The Best Neighborhoods for Short-Term Rentals

Written by: Raul Mercado

I’m Raul, your ApartmentHomeLiving.com local expert for Austin. After living in Austin for more than 10 years, I’ve seen firsthand how the short term rental scene has changed in the live music capital of the world.

decorative image for Keep Austin Affordable: A Renter's Guide to the Best Suburbs Around the City article

Keep Austin Affordable: A Renter's Guide to the Best Suburbs Around the City

Written by: Raul Mercado

I’m Raul, your ApartmentHomeLiving.com local expert for Austin.

decorative image for The Real Cost of Keeping Austin Weird: A Local Expert’s Guide to Budget Living in ATX article

The Real Cost of Keeping Austin Weird: A Local Expert’s Guide to Budget Living in ATX

Written by: Raul Mercado

I’m Raul, your ApartmentHomeLiving.com local expert for Austin. I spend most of my time helping people understand what it actually costs to live in the music capital of Texas and where the best places to settle are.

decorative image for Work-Life Balance in Austin: Find Your Perfect Apartment Near Top Employers article

Work-Life Balance in Austin: Find Your Perfect Apartment Near Top Employers

Written by: Raul Mercado

Hello! I’m Raul, your ApartmentHomeLiving.com local expert for Austin, Texas. I’ve spent years exploring Austin’s neighborhoods throughout my time living in this great city in different apartments and homes.

Articles, How-To's, and Tips

decorative image for Rent According to Income: A Look at Income-Restricted Rentals   article

Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

decorative image for Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags   article

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

decorative image for First Apartment Regrets: Real Renters Share What They'd Do Differently article

First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.